By The Rio Times | Created at 2025-01-16 18:59:25 | Updated at 2025-01-16 22:11:08
3 hours ago
Brazil’s Minister of Ports and Airports, Silvio Costa Filho, announced a significant investment plan for the country’s port sector in 2025.
The minister revealed this information during a management review session with journalists on Thursday. The port sector will receive a substantial injection of R$ 20 billion ($3.33 billion) in 2025.
This impressive figure comprises R$ 1.7 billion ($0.28 billion) from public resources and R$ 18 billion ($3 billion) from private investments. These numbers represent a notable increase from the 2024 investments.
In 2024, the public sector contributed R$ 1.04 billion ($0.17 billion), while the private sector invested R$ 10.6 billion ($1.77 billion) in the port sector. Costa Filho proudly stated that in just two years, they have more than doubled the achievements of the previous government.
The minister expressed optimism about the future. He anticipates that by the end of President Lula’s four-year term, total investments will exceed R$ 50 billion ($8.33 billion).
Brazil’s Port Sector Set for Massive Investment Boost in 2025. (Photo Internet reproduction)Brazil’s Port Infrastructure Investments
This projection showcases the government’s commitment to enhancing Brazil’s port infrastructure. The public resources mentioned by the minister include funds from the federal budget and state-owned companies.
This diverse funding approach aims to ensure sustainable development in the sector. Two major auctions are planned for 2025. The first is the Santos-Guarujá tunnel project, which will require an investment of R$ 6 billion ($1 billion).
The second is the mega cargo handling terminal, Tecon Santos 10, at the Port of Santos, with an investment of R$ 4.5 billion ($0.75 billion). These auctions are scheduled for the end of the second semester of 2025.
They represent significant opportunities for both domestic and international investors to participate in Brazil‘s growing port sector. The announced investments and planned projects indicate a bright future for Brazil’s port sector.
In short, they promise to enhance the country’s maritime infrastructure and boost its economic growth in the coming years.
